This training covered the following key changes in the rule:
- Key outcome metrics, such as the sustained employment of individuals in targeted populations
- Retention of low- and very low-income employees and successful sustained employment in the reporting metrics
- Section 3 reporting with standard business practices and payroll tracking methods
- Tailored outcome benchmarks for different geographies and/or different projects
- Reduced reporting requirements for PHAs who are meeting outcome benchmarks
- Newly created portal to connect low- and very low-income people, who need jobs most, with businesses who have Section 3 job opportunities in their area
What is the Section 3 Final Rule?
Effective November 30, 2020, the new Section 3 Final Rule is designed to improve a focus on economic opportunity outcomes while simultaneously reducing the regulatory burden on those entities that receive those funds.
What is Section 3?
Section 3 is a provision of the HUD Act of 1968 that promotes local economic development, neighborhood economic improvement, and individual self-sufficiency. To the greatest extent possible, Section 3 requires that recipients of certain HUD financial assistance provide job training and employment opportunities to low- or very low-income residents in connection with projects and activities in their neighborhoods.
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